iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by Strategic Financial Services Inc.

Strategic Financial Services Inc. decreased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 8.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 206,900 shares of the company’s stock after selling 18,667 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up about 3.1% of Strategic Financial Services Inc.’s investment portfolio, making the stock its 10th largest position. Strategic Financial Services Inc. owned approximately 0.28% of iShares MSCI USA Momentum Factor ETF worth $70,932,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Ameritas Advisory Services LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 51.2% in the second quarter. Ameritas Advisory Services LLC now owns 192,185 shares of the company’s stock worth $65,887,000 after purchasing an additional 65,103 shares in the last quarter. Wedmont Private Capital acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at $208,000. Morling Financial Advisors LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at $50,000. Beaird Harris Wealth Management LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 25.7% in the second quarter. Beaird Harris Wealth Management LLC now owns 660 shares of the company’s stock valued at $226,000 after buying an additional 135 shares during the last quarter. Finally, Nilsine Partners LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.8% in the second quarter. Nilsine Partners LLC now owns 2,947 shares of the company’s stock valued at $1,010,000 after buying an additional 80 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS MTUM opened at $304.86 on Monday. The firm’s 50-day simple moving average is $309.56 and its 200 day simple moving average is $290.72. The company has a market cap of $22.25 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59.

About iShares MSCI USA Momentum Factor ETF

The iShares MSCI USA Momentum Factor ETF (MTUM) is an exchange-traded fund that is based on the MSCI USA Momentum SR Variant index. The fund tracks an index of large- and mid-cap US equities, selected and weighted based on price appreciation over 6- and 12-month periods and low volatility over the past 3 years. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.